In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved up and to the right. What could have caused this?
A) a fall in the price of peanuts
B) a rise in the price of peanuts
C) a rise in income, assuming that peanut butter is an inferior good
D) a shift in preferences toward peanut butter
E) none of the above
D
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Individual investors who always want to hold gold are known as:
A) goldfinger B) golden boys C) gold bugs D) goldilocks
Which of the following exemplifies specific performance that a court might order from the party in breach of a contract?
a. A seller ordered to pay back the price of the commodity to the customer having failed to deliver it on-time. b. A popular singer requested to forgo the fee for her performance at a social fund raising program. c. The owner of a polluting factory ordered to convert his private plot into a public garden. d. A movie director ordered to work with an actress he had previously contracted with, instead of one he later found was available for a lower price.